N-able (NYSE:NABL) Given “Underperform” Rating at William Blair

William Blair restated their underperform rating on shares of N-able (NYSE:NABL) in a research report released on Monday morning, MarketBeat.com reports.

Several other research analysts have also weighed in on NABL. Needham & Company LLC restated a “buy” rating and set a $8.00 price objective on shares of N-able in a research note on Thursday, March 19th. Scotiabank reduced their price target on N-able from $8.75 to $5.25 and set a “sector perform” rating for the company in a report on Friday, February 20th. Wall Street Zen lowered N-able from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded N-able from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.75.

N-able Price Performance

NYSE:NABL opened at $5.03 on Monday. N-able has a 1-year low of $4.15 and a 1-year high of $9.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $5.46 and a 200 day simple moving average of $6.92. The stock has a market capitalization of $946.61 million, a PE ratio of -55.83 and a beta of 0.65.

N-able (NYSE:NABL) last issued its earnings results on Thursday, February 19th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $130.27 million for the quarter, compared to analyst estimates of $127.07 million. N-able had a positive return on equity of 3.17% and a negative net margin of 3.33%.N-able’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, research analysts expect that N-able will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On N-able

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its stake in N-able by 179.8% in the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock valued at $25,000 after purchasing an additional 2,106 shares during the period. PNC Financial Services Group Inc. increased its position in N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after buying an additional 1,924 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of N-able by 1,970.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after buying an additional 3,606 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of N-able during the third quarter worth $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of N-able in the fourth quarter valued at about $85,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

About N-able

N-able (NYSE:NABL) is a cloud-based software provider specializing in solutions for managed service providers (MSPs). The company’s platform offers remote monitoring and management (RMM), backup and disaster recovery, endpoint detection and response (EDR), security information and event management (SIEM), and automation tools. By integrating these services into a unified interface, N-able enables MSPs to streamline IT operations, enhance security posture, and deliver proactive maintenance across on-premises, cloud, and hybrid environments.

Headquartered in Toronto, Canada, N-able traces its origins to the managed services division of SolarWinds before completing a spin-off and initial public offering in mid-2021.